Birthplace: Essen, Germany
Race or Ethnicity: White
Sexual orientation: Straight
Executive summary: Founded Aldi, personal worth $23B
German brothers Karl and Theo Albrecht were born of parents who founded a grocery store, which the two jointly assumed after WWII. In 1948 they incorporated as "Aldi", short for Albrecht Discount; in 1955 they had 100 stores and by 1960 over 300. In 1960 the two brothers split, Theo taking the northern territories of Germany and Karl the area south of the Ruhr. The year 1997 had the brothers controlling over 3000 stores in Germany, with more outside the country. In total currently, worldwide, there are 8500 stores in 2009.
Karl is now retired, and Forbes estimates his net worth in 2004 as approximately $23B, making him the richest individual in Germany.
Mother: (started supermarket)
Brother: Theo Albrecht (younger, manages Northern stores)
Wife: (two children)
Son: Karl, Jr.
Aldi Founder (1946-)
Do you know something we don't?
Submit a correction or make a comment about this profile
Copyright ©2014 Soylent Communications